Edap Tms (NASDAQ:EDAP) Lowered to Sell at StockNews.com

Edap Tms (NASDAQ:EDAP) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Separately, HC Wainwright restated a “buy” rating and set a $19.00 price objective on shares of Edap Tms in a research report on Thursday, August 29th.

Edap Tms Price Performance

NASDAQ:EDAP opened at $3.21 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 2.00 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $118.92 million, a P/E ratio of -5.94 and a beta of 0.45. Edap Tms has a 12 month low of $2.71 and a 12 month high of $8.50. The business’s 50-day moving average is $4.53 and its 200 day moving average is $5.94.

Institutional Investors Weigh In On Edap Tms

Institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its position in shares of Edap Tms by 5.9% in the second quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock valued at $388,000 after purchasing an additional 4,000 shares in the last quarter. Virtu Financial LLC acquired a new position in Edap Tms in the first quarter valued at approximately $82,000. Miracle Mile Advisors LLC acquired a new position in Edap Tms in the first quarter valued at approximately $136,000. Finally, Roubaix Capital LLC acquired a new position in Edap Tms in the first quarter valued at approximately $169,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Edap Tms Company Profile

EDAP TMS SA, together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of minimally invasive medical devices for the treatment of urological diseases in Asia, France, the United States, and internationally. The company operates through High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST) segments.